UK landlord sentiment worsens amid gloomy outlook
UK landlord sentiment is weak right now as they expect taxes and regulations to get worse over the next three years. If you’re a landlord yourself then its likely these worries aren’t new for you and the fact that more Buy-to-Let (BTL) landlords are increasingly concerned about them is probably one of the main reasons why investment into rental homes is currently stalled.
Newport, Wales has the lowest level of rental stock available in the UK
If you’re looking for a rental home in Newport Wales, you might struggle to find what you’re searching for. But, if you’re on the rental hunt in Aberdeen Scotland, you’ll likely have more luck – at least that’s what new data on available rental stock levels suggests.
New information matrix from TDS and ARLA aims to simplify tenant fees ban
The Tenancy Deposit Service (TDS) and ARLA PropertyMark have created a new information matrix to help simplify all the details of the new tenant fees ban for letting agents and landlords, as some confusion over the new rules remain. This is a particular problem for landlords and letting agents who operate in both England and Wales where there are some differences in the rules.
Brexit effect on UK property prices positive for overseas and expat investors
The Brexit effect is something that many people living in the UK continue to struggle with, regardless of their view on what should happen. Afterall, years of uncertainty and disagreement aren’t easy for anyone to cope with. However, while the UK’s property market has stalled a little and people are more cautious over buying or investing in property, for overseas buyers, Brexit uncertainty has made this a more attractive and potentially profitable market for them.
Fewer tenants experience rent rises in October
There was some good news for the UK’s tenants recently as a new report showed fewer people who rent a home experienced an increase in their rent. But that’s not all, letting agents said there are more properties available for rent, while more tenants achieved positive results from rent negotiations.
Repossessions among Buy-to-Let properties surge 40%
The number of repossessions of Buy-to-Let (BTL) properties surged in the third quarter of 2019 compared with a year earlier, while the number of BTL properties in mortgage arrears stood at a little below 5,000. The combination of increases in repossessions and still relatively high arrears is far from a positive development for the UK’s Private Rental Sector (PRS) as it means there are potentially fewer rental homes available for the still rising number of tenants searching for one.